Stocks down at opening amid slow trading

FE Online Report | Published: July 20, 2017 09:41:58 | Updated: October 19, 2017 02:28:48


The prices of most of the shares on both bourses saw downward trend in early hour of trading Thursday as risk-averse investors continued their selling spree to book profit.

 

After witnessing correction in the past three consecutive sessions, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downward trend amid slow trading activities.

 

Within first 15 minutes of trading, the key index of the country’s prime bourse fell 6.99 points while the Selective Category Index of port city bourse lost 5.0 points at 10:45am although first 10 minutes was in positive territory.

 

After 30 minutes of trading, DSEX fell 14 points while the Selective Category Index of port city bourse lost 32 points at 11:00am when the report was filed.

 

DSEX, the prime index of the DSE, went down by more than 14 points or 0.24 per cent to come down at 5,761 points at 11:00am.

 

The DS30 index, comprising blue chips also fell 4.28 points or 0.20 per cent to 2,117 points.

 

However, the DSE Shariah Index (DSES) advanced 0.70 points or 0.05 per cent to stand at 1,315 points till then.

 

Turnover, the important indicator of the market, stood at Tk only Tk 886 million when the report was filed at 11:00am.

 

Of the issues traded till then, 60 advanced, 166 declined and 50 remained unchanged.

 

IFAD Autos was the most traded stocks till then with shares worth Tk 84 million changing hands, followed by Fu-Wang Food Tk 40 million, Brac Bank Tk 33 million, Shahjibazar Power Tk 32 million and IFIC Bank Tk 31 million.

 

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with its Selective Category Index – CSCX – losing 32 points to stand at 10,806 points, also at 11:00am.

 

Of the issues traded till then, 30 gained, 78 declined and 29 issues remained unchanged with BDT 32 million in turnover.

 

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